South America’s crop season is ending with mixed results. In Brazil, Soybean and Corn Advisor President Michael Cordonnier says second-crop corn yields have been strong. “In fact, there are record yields in many states. I’ve been increasing my South America estimate, especially for the corn.” However, he cautioned that early frost in southern Brazil could trim those numbers. “Yes, we’ve got a record crop, but it may not quite be as big as what we anticipate because of these recent temperature drops.” Argentina’s soybean crop faced late-season challenges due to heavy flooding in northern Buenos Aires province. “At that time, about 21 percent of the soybeans that were left to harvest were in that area, or about,800 to 900,000 acres.” While the corn harvest escaped major losses, soybean production was cut by 1.5 million tons.
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